Bankrupt Nortel to sell patents worth $1 billion

12 Feb 2010

1

Nortel Networks Limited, a part of Nortel Networks Corporation, once the largest company in Canada, is planning to sell all or part of its coveted library of wireless patents.

According to experts, Nortel's patents are worth an estimated $1 billion.

The Toronto-based company said it is "exploring strategic alternatives to maximise the value" of nearly 4,000 so-called patent families related to next-generation wireless technology, known as long-term evolution (LTE).

The former Canadian technology heavyweight has been selling off its divisions after filing for creditor protection in January 2009.

Media reports suggested that the beleaguered wireless major is considering a range of options, including an auction of the patents, a joint venture with a new partner or long-term licensing agreements with wireless companies.

If Nortel opts to sell the patents, it will mark the end of a 128-year-old communications company that rose to global prominence in the 1990s with digital innovations in telephone-switching technology and then floundered after the collapse of dot-com mania.

Business History Videos

History of hovercraft Part 3 | Industry study | Business History

History of hovercraft Part 3...

Today I shall talk a bit more about the military plans for ...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of hovercraft Part 2 | Industry study | Business History

History of hovercraft Part 2...

In this episode of our history of hovercraft, we shall exam...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of Hovercraft Part 1 | Industry study | Business History

History of Hovercraft Part 1...

If you’ve been a James Bond movie fan, you may recall seein...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of Trams in India | Industry study | Business History

History of Trams in India | ...

The video I am presenting to you is based on a script writt...

By Aniket Gupta | Presenter: Sheetal Gaikwad

view more
View details about the software product Informachine News Trackers